Credit Card Processing

At KnotTheGroom.com we try and make your shopping experience safe, secure and easy. As of August 2010, we now accept all four major credit cards including American Express.

Several steps take place within seconds of submitting a credit card transaction

1. Authorization: Whether a credit card is swiped in a
brick and mortar store, or numbers entered in an online order form, your
information is sent immediately to the sponsoring bank to ensure that
the credit card transaction may be authorized. The sponsoring bank then
forwards this information to the bank that issued your credit card for
verification.

2. Verification: In order for this second step to be completed,
it is of the utmost importance that the information you enter matches
the information that your sponsoring bank has on file for your credit
card account. The issuing bank first verifies that the information
provided (billing address, expiration date, CVV number, etc.) matches
the information they have on file. The issuing bank will also check to
see if you have enough credit available to cover the amount of the
charges.

3. Approval or Denial: The issuing bank responds to the
sponsoring bank with either an approval or denial. If your charge is
denied, you will be asked to submit an alternate form of payment. If
the charge is approved, the issuing bank will transfer funds to the
sponsoring bank in order to cover the amount of the charges.

4. Final Payment: Generally, at the end of the day, the merchant
will send a request to the sponsoring bank for payment of all credit
card transactions for the day. This is why you may not immediately see a
transaction post to your account.

In order to properly
authorize and verify your credit card information, KnotTheGroom.com
requires that you supply the correct billing address information for the
credit card provided. Please ensure that the billing address and zip
code used for this purchase matches exactly to the billing address where
you receive your credit card statements. Also, please enter the CVV
number exactly as it is listed on the back of your credit card.

Difficultly Processing or Declined Order

It is not uncommon for consumer credit cards to be declined by online merchants because of incorrect billing information. One of the most common mistakes customers make on check out is entering an incorrect billing address. It is important that the billing address entered upon checkout match the address where you receive the billing statements for your credit cards. It is very important for credit card users to understand how merchant bank credit card purchases are processed in order to ensure that they will have the best customer experience possible.

There are entities involved in each credit card transaction: The customer making the purchase, the bank that issues the customer’s credit card, the merchant or business accepting the credit payment, and the sponsoring bank that handles consumer credit card transactions on behalf of the business.